22 Jan 2013
According to preliminary estimates by the WTO and UNCTAD, in the third quarter of 2012, world exports of commercial services shrank by 2 %, as compared with the same quarter last year. Preliminary figures (balance-of-payments basis, current prices) indicate the sharp drop in services exports in Europe (-7%), while the services trade growth also slowed, but remained positive in North America (2%) and Asia and Oceania (4%).